Results
A lower utilisation rate is expected in Q4 due to a build-down of inventory in anticipation of Q1 sales. Dollar revenues are expected to be flat compared with Q3.
ASML reports Q3 sales at EUR610mn, compared with EUR370mn in Q3 2003. Net profits were EUR41mn against a net loss of EUR31mn in Q3 2003. The company is expecting a shift from 200mm to 300mm in Q4 resulting in 20-24% higher average selling prices over Q3 2004's EUR8.7mn. ASML expresses concern that potential push-outs and rescheduled deliveries could lower gross margins.
Intel reports Q3 revenues at $8.471bn, up 8% on Q3 2003. Net income was $1.906bn, up from Q3 2003's $1.657bn. The company is looking to Q4 revenues of $8.6-9.2bn.
"Growth was not as high as we originally anticipated due to inventory adjustments at some of our major customers and lower than expected overall demand for PCs," reports Intel CEO Craig R Barrett. "Intel crossed over to 90nm technology in microprocessor shipments to the computing market segment for the quarter and built 65nm memory chips containing more than half a billion transistors each."